One of India’s largest IT companies, Tata Consultancy Services, announced its profit after tax in the fourth quarter ended March 2022 on 11 April 2022. It showed a drastic improvement from last year’s net profit, which was Rs. 9,246 crores. The total revenue of TCS increased by 16%. Simultaneously, the banking and finance segment of …
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) forecasted a 7.2 percent GDP growth rate for the Financial Year 2022-23. According to RBI Governor Shaktikanta Das, the GDP growth projection for FY23 has been cut to 7.2 percent from 7.8 percent. GDP growth for 2022-23 is projected to be 16.2% in …
On Friday, 25 March 2022, Asian shares geared up for a 2nd consecutive week of profits, although the market was choppy amidst displacements in Chinese economic policies, tight US monetary policies, and commodity market disturbances due to the Ukraine-Russia war. If you are looking for stock market news and updates on Asian markets and shares, …
Oil prices fell more than 6% on Tuesday, to their lowest level in over three weeks, after Russia said it would enable the Iran nuclear agreement to be revived, and traders were concerned that China’s pandemic lockdowns would stifle demand. For the first time since late February, both Brent and US oil futures benchmarks fell …
The surging cost of housing, gas, and food has catapulted to 7.9% inflation in the past year. Since 1982, this has been the sharpest spike and forewarning of further rise of prices. But even before the Russia-Ukraine war accelerated the price hikes, in four decades, the inflation in the United States reached its highest levels. …
PNB Housing Finance share Price rose over 3% in early trading on Monday, despite benchmark indexes falling under the weight of rising crude oil prices, as investors hailed new initiatives to acquire cash. After a failed effort to raise Rs 4,000 crore by selling a share to Carlyle Group last year, the mortgage lender’s board …
A Brief Overview Unless you have been living under a rock, you must be familiar with the Life Insurance Corporation of India’s initial public offering (or IPO). This IPO is set to be the largest the country has ever witnessed. It will see the government selling stock to the public on behalf of the insurance …
The EPFO (Employees’ Provident Fund Organisation) has invested Rs. 10,000 crores (minimum) in top-performing public sector undertaking bonds that include NABARD (National Bank for Agriculture and Rural Development), Hindustan Petroleum, and Indian Oil. Some of these have proposed rates up to 9 basis points lower than identical maturity government bonds. Keep reading to know the …
Russia’s attack on Ukraine has soared the prices of oil and regional commodities. With the market spinning wildly, the investors are trying to gauge the amount of impact these two significant forces will have. On Wednesday, 2 March 2022, the US oil prices crossed $110 per barrel for a brief period, but other markets and …
The Indian economy witnessed a 5.4% growth during the period of October to November 2021 as per the GDP data released on Monday. Madhabi Puri Buch was appointed to take charge of the Securities and Exchange Board of India for three years, beginning from 1 March 2022. She becomes the first woman to head SEBI …
